What are the Risks?While every precaution has been taken in order to avoid getting MATCHed (being blacklisted by a merchant processor) there is still a potential risk of it. Getting added to the MATCH list would mean you would not qualify for Merchant Processing for 5 years. No IBOʼs have been MATCHed with our current White label Partners. Taxes?There are 2 accounting teams that handle the business taxes and other accounting to ensure everything is done according to current business tax lawYou are responsible for paying taxes on your owners draw as an Independent Contractor, we will send you a schedule C to be file with you federal tax returnWhat do we do?Broker the relationship between IBOʼs and our White-labeling partners ensure both parties are protectedProtect the IBO from being MATCHEDVetting of partnersStaying compliant with banking and business lawChargeback protectionInternal accounting teamWhat work will I be doing when there is work?Initially work: uploading/filling out documents for Merchant Processing MIDsAssisting in setting up business bank accounts, Business Mailbox, LLCPost-initial work: Filling out documents on as-needs basisCorporate Director and Treasury work as needed. Here are some examples: On occasion you may have to call the bank to allow a payment to go through. You may have to physically go to the bank to verify your bank info for security purposes.You may get a letter from the state asking the LLC needs to be reinstated. You may need to collect the year end 1099. from the processor because it was sent to the wrong address.Sending any applicable tax documents during that seasonUnique tasks that cannot be completed by me and our partners alone if they ever arise.
